Can I retire at age 44 with 840,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$69,366$68,749$68,146$67,557$66,983$64,401
2 years$34,340$33,700$33,080$32,479$31,897$29,327
3 years$22,666$22,023$21,405$20,810$20,236$17,759
4 years$16,830$16,190$15,578$14,992$14,433$12,067
5 years$13,329$12,693$12,089$11,516$10,972$8,723
6 years$10,996$10,365$9,770$9,209$8,681$6,551
7 years$9,331$8,704$8,119$7,571$7,060$5,048
8 years$8,082$7,461$6,885$6,351$5,857$3,961
9 years$7,111$6,496$5,930$5,410$4,933$3,150
10 years$6,335$5,726$5,170$4,663$4,203$2,530
11 years$5,700$5,098$4,552$4,059$3,615$2,048
12 years$5,172$4,575$4,039$3,560$3,132$1,668
13 years$4,725$4,135$3,609$3,143$2,731$1,365
14 years$4,342$3,758$3,243$2,790$2,394$1,122
15 years$4,011$3,433$2,928$2,488$2,108$924
16 years$3,722$3,150$2,654$2,228$1,863$764
17 years$3,466$2,901$2,415$2,002$1,652$632
18 years$3,240$2,681$2,205$1,804$1,469$524
19 years$3,037$2,484$2,019$1,630$1,309$436
20 years$2,855$2,309$1,853$1,476$1,169$362
21 years$2,690$2,150$1,704$1,340$1,047$301
22 years$2,541$2,007$1,570$1,218$938$251
23 years$2,405$1,877$1,450$1,109$842$209
24 years$2,280$1,759$1,341$1,012$757$174
25 years$2,166$1,651$1,242$924$681$145
26 years$2,060$1,551$1,152$845$613$121
27 years$1,963$1,460$1,070$773$553$101
28 years$1,872$1,376$994$709$499$85
29 years$1,788$1,298$925$650$451$71
30 years$1,710$1,226$862$596$407$59
31 years$1,637$1,159$804$548$368$49
32 years$1,568$1,096$750$503$333$41
33 years$1,504$1,038$700$463$301$34
34 years$1,444$984$654$426$273$29
35 years$1,387$933$612$392$247$24
36 years$1,334$886$572$361$224$20
37 years$1,284$841$535$333$203$17
38 years$1,236$800$501$307$184$14
39 years$1,191$760$470$283$167$12
40 years$1,148$723$440$261$151$10
41 years$1,108$689$413$241$137$8
42 years$1,069$656$387$222$125$7
43 years$1,033$625$363$205$113$6
44 years$998$596$341$189$103$5
45 years$965$568$320$175$93$4
46 years$933$542$301$161$85$3
47 years$903$517$283$149$77$3
48 years$874$494$266$138$70$2
49 years$847$471$250$127$63$2
50 years$820$450$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $840,000, adding $3,316 every year, while hoping to spend $29,406 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/24/18 Blend
43$840,000$840,000$840,000$840,000
44$929,100$884,580$871,560$978,419
45$992,581$896,637$869,470$1,024,310
46$1,061,551$908,299$866,324$1,070,820
47$1,136,539$919,516$862,056$1,120,858
48$1,218,128$930,233$856,596$1,174,769
49$1,306,956$940,395$849,872$1,232,935
50$1,403,730$949,938$841,807$1,295,777
51$1,509,224$958,798$832,320$1,363,759
52$1,624,290$966,905$821,329$1,437,393
53$1,749,869$974,185$808,745$1,517,244
54$1,886,995$980,559$794,476$1,603,936
55$2,036,803$985,941$778,427$1,698,158
56$2,200,549$990,244$760,496$1,800,668
57$2,379,610$993,371$740,578$1,912,306
58$2,575,506$995,222$718,562$2,033,995
59$2,789,908$995,688$694,335$2,166,756
60$3,024,657$994,656$667,774$2,311,714
61$3,281,782$992,004$638,754$2,470,112
62$3,563,515$987,603$607,143$2,643,321
63$3,872,314$981,316$572,803$2,832,851
64$4,210,889$972,999$535,590$3,040,370
65$4,582,221$962,498$495,355$3,267,719
66$4,989,597$949,650$451,938$3,516,927
67$5,436,635$934,282$405,177$3,790,233
68$5,927,321$916,211$354,900$4,090,107
69$6,466,046$895,243$300,927$4,419,274
70$7,057,646$871,173$243,071$4,780,738
71$7,707,449$843,784$181,137$5,177,813
72$8,421,324$812,845$114,921$5,614,156
73$9,205,738$778,113$44,210$6,093,799
74$10,067,813$739,331$0$6,621,188
75$11,015,398$696,225$0$7,207,230
76$12,057,137$648,509$0$7,860,782
77$13,202,556$595,876$0$8,579,356
78$14,462,148$538,006$0$9,369,578
79$15,847,477$474,558$0$10,238,751
80$17,371,279$405,171$0$11,194,928
81$19,047,592$329,467$0$12,246,982
82$20,891,878$247,043$0$13,404,697
83$22,921,177$157,475$0$14,678,855
84$25,154,261$60,316$0$16,081,343
85$27,611,817$0$0$17,625,263
86$30,316,635$0$0$19,336,916
87$33,293,830$0$0$21,238,551
88$36,571,073$0$0$23,331,926
89$40,178,856$0$0$25,636,526
90$44,150,774$0$0$28,173,825
91$48,523,848$0$0$30,967,484
92$53,338,872$0$0$34,043,573
93$58,640,794$0$0$37,430,822
94$64,479,145$0$0$41,160,886
95$70,908,502$0$0$45,268,649
96$77,989,008$0$0$49,792,548
97$85,786,932$0$0$54,774,940
98$94,375,300$0$0$60,262,497
99$103,834,582$0$0$66,306,652
100$114,253,450$0$0$72,964,077